Rule 8.3 - THE PENINSULAR AND ORIENTAL STEAM NA...

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              THE PENINSULAR AND ORIENTAL STEAM
                              NAVIGATION COMPANY PLC
Class of relevant security    ORD GBP 1.00
to which the dealings being
disclosed relate (Note 2)
Date of dealing               27 JANUARY 2006

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)   Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                             Long                   Short

                       Number       (%)       Number       (%)

(1) Relevant       27,587,114      (3.67%)     115,232     (0.02%)
securities
(2) Derivatives       105,467      (0.01%)      34,400     (0.00%)
(other than
options)
(3) Options and             0      (0.00%)         150     (0.00%)
agreements to
purchase/sell
Total              27,692,581      (3.68%)     149,782     (0.02%)


(b)  Interests and short positions in relevant securities of the company,  other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:
5.5%
concessionary
redeemable non-
cumulative
preferred
                  Number                    Number
                                  (%)                       (%)
(1) Relevant       4,850        (0.01%)
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total              4,850        (0.01%)


(c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                  (GBP)
Purchase      767                  5.4350
Purchase      920                  5.2200
Sale          1,000                5.4250
Sale          1,005                5.4225
Sale          1,060                5.4225
Sale          720                  5.4451
Sale          830                  5.4225
Sale          800                  5.4150
Sale          1,800                5.4250
Sale          1,585                5.4225
Sale          250                  5.4250
Sale          928                  5.4225
Sale          400                  5.4302
Sale          900                  5.4250
Sale          667                  5.4150
Sale          550                  5.4150
Sale          725                  5.4150
Sale          750                  5.4302
Sale          1,900                5.4250
Sale          2,200                5.4250
Sale          1,550                5.4225
Sale          1,255                5.4250
Sale          2,000                5.4250
Sale          4,600                5.4250
Sale          480                  5.4225
Sale          710                  5.4225
Sale          3,000                5.4250
Sale          1,500                5.4225
Sale          1,000                5.4250
Sale          2,860                5.4250
Sale          800                  5.4302
Sale          1,000                5.4451
Sale          805                  5.4225
Sale          735                  5.4225
Sale          385                  5.4225
Sale          1,193                5.4225
Sale          2,210                5.4250
Sale          733                  5.4250
Sale          950                  5.4250
Sale          545                  5.4225
Sale          3,600                5.4250
Sale          970                  5.4225
Sale          2,000                5.4426
Sale          600                  5.4302
Sale          2,700                5.4250
Sale          705                  5.4225
Sale          2,250                5.4426
Sale          1,800                5.4150
Sale          839                  5.4250
Sale          2,193                5.4150
Sale          825                  5.4225
Sale          870                  5.4250
Sale          1,300                5.4250
Sale          900                  5.4250
Sale          1,100                5.4302
Sale          550                  5.4225
Sale          2,000                5.4150
Sale          900                  5.4225
Sale          800                  5.4225
Sale          2,500                5.4250
Sale          500                  5.4150
Sale          3,400                5.4250
Sale          3,000                5.4150
Sale          750                  5.4150
Sale          835                  5.4225
Sale          1,500                5.4250
Sale          1,800                5.4250
Sale          725                  5.4225
Sale          405                  5.4225
Sale          1,100                5.4150
Sale          450                  5.4225
Sale          590                  5.4250
Sale          1,575                5.4225
Sale          1,650                5.4250
Sale          1,000                5.4250
Sale          1,800                5.4301
Sale          1,250                5.4250
Sale          2,500                5.4302
Sale          900                  5.4302
Sale          1,950                5.4250
Sale          400                  5.4426
Sale          525                  5.4225
Sale          600                  5.4150
Sale          1,045                5.4225
Sale          2,000                5.4250
Sale          700                  5.4150
Sale          2,900                5.4250
Sale          1,643                5.4225
Sale          2,000                5.4250
Sale          680                  5.4250
Sale          3,000                5.4250
Sale          1,250                5.4150
Sale          650                  5.4250
Sale          582                  5.4150
Sale          1,000                5.4302
Sale          5,800                5.4250
Sale          1,440                5.4225
Sale          1,000                5.4150
Sale          2,500                5.4250
Sale          1,690                5.4225
Sale          940                  5.4225
Sale          3,034                5.5501
Sale          1,082                5.4225
Sale          1,200                5.4150
Sale          2,000                5.4150
Sale          1,000                5.4150
Sale          2,900                5.4250
Sale          590                  5.4225
Sale          550                  5.4302
Sale          2,050                5.4250
Sale          250                  5.4250
Sale          2,000                5.4250
Sale          1,660                5.4250
Sale          1,000                5.4225
Sale          690                  5.4150
Sale          1,100                5.4150
Sale          1,000                5.4150
Sale          2,230                5.4250
Sale          1,100                5.4150
Sale          324                  5.4150
Sale          750                  5.4150
Sale          1,700                5.4250
Sale          1,300                5.4250
Sale          609                  5.4150
Sale          500                  5.4225
Sale          499                  5.4301
Sale          1,500                5.4250
Sale          1,250                5.4250
Sale          3,000                5.4150
Sale          2,700                5.4250
Sale          200                  5.4150
Sale          550                  5.4426
Sale          330                  5.4302
Sale          750                  5.4302
Sale          1,130                5.4250
Sale          925                  5.4225
Sale          450                  5.4301
Sale          525                  5.4225
Sale          550                  5.4150
Sale          800                  5.4426
Sale          1,000                5.4451
Sale          700                  5.4150
Sale          550                  5.4225
Sale          1,000                5.4225
Sale          666                  5.4225
Sale          2,500                5.4150
Sale          3,678                5.5501
Sale          1,770                5.4225
Sale          4,409                5.4250
Sale          1,130                5.4250
Sale          3,780                5.4250
Sale          3,600                5.4250
Sale          375                  5.4150
Sale          1,000                5.4250
Sale          625                  5.4225
Sale          1,000                5.4250
Sale          1,000                5.4302
Sale          1,652                5.4225
Sale          575                  5.4150
Sale          1,100                5.4225
Sale          2,000                5.4150
Sale          630                  5.4225
Sale          1,220                5.4250
Sale          2,400                5.4250
Sale          750                  5.4401
Sale          2,526                5.4150
Sale          480                  5.4250
Sale          1,200                5.4250
Sale          803                  5.4250
Sale          1,120                5.4225
Sale          4,400                5.4250
Sale          462                  5.4150
Sale          900                  5.4250
Sale          550                  5.4150
Sale          200                  5.4225
Sale          590                  5.4426
Sale          1,000                5.4250
Sale          839                  5.4250
Sale          740                  5.4225
Sale          1,165                5.4225
Sale          1,520                5.4250
Sale          3,400                5.4250
Sale          2,700                5.4250
Sale          1,800                5.4250
Sale          1,800                5.4250
Sale          1,900                5.4250
Sale          3,000                5.4250
Sale          1,650                5.4250
Sale          500                  5.4250
Sale          1,300                5.4250
Sale          4,500                5.4150
Sale          1,225                5.4250
Sale          1,285                5.4250
Sale          700                  5.4225
Sale          1,100                5.4150
Sale          600                  5.4226
Sale          1,000                5.4451
Sale          500                  5.4301
Sale          750                  5.4451
Sale          1,700                5.4426
Sale          1,575                5.4250
Sale          1,920                5.4250
Sale          317                  5.4250
Sale          1,119                5.4225
Sale          1,060                5.4302
Sale          1,900                5.4250
Sale          1,800                5.4250
Sale          595                  5.4426
Sale          1,900                5.4250
Sale          3,000                5.4250
Sale          550                  5.4150
Sale          4,500                5.4250
Sale          3,000                5.4250
Sale          750                  5.4326
Sale          1,000                5.4225
Sale          2,500                5.4250
Sale          3,000                5.4250
Sale          2,000                5.4250
Sale          850                  5.4150
Sale          2,500                5.4225
Sale          1,500                5.4250
Sale          500                  5.4701
Sale          1,000                5.4150
Sale          1,400                5.4150
Sale          1,220                5.4301
Sale          3,700                5.4250
Sale          1,300                5.4150
Sale          2,600                5.4250
Sale          1,400                5.4302
Sale          2,484                5.4250
Sale          2,925                5.4150
Sale          409                  5.4225
Sale          730                  5.4225
Sale          1,000                5.4250
Sale          1,500                5.4250
Sale          465                  5.4225
Sale          2,050                5.4250
Sale          2,000                5.4501
Sale          1,000                5.4451
Sale          1,000                5.4301
Sale          965                  5.4225
Sale          700                  5.4225
Sale          1,498                5.4250
Sale          2,500                5.4250
Sale          650                  5.4225
Sale          2,220                5.4250
Sale          1,000                5.4150
Sale          1,000                5.4225
Sale          2,000                5.4225
Sale          325                  5.4301
Sale          3,100                5.4302
Sale          864                  5.4250
Sale          1,600                5.4250
Sale          800                  5.4302
Sale          1,100                5.4150
Sale          305                  5.4225
Sale          650                  5.4302
Sale          600                  5.4250
Sale          2,000                5.4150
Sale          719                  5.4225
Sale          450                  5.4225
Sale          400                  5.4225
Sale          1,200                5.4150
Sale          3,400                5.4250
Sale          1,000                5.4426
Sale          1,750                5.4250
Sale          1,254                5.4225
Sale          1,130                5.4150
Sale          293                  5.4225
Sale          1,600                5.4150
Sale          1,580                5.4426
Sale          1,225                5.4225
Sale          1,880                5.4302
Sale          750                  5.1501
Sale          1,000                5.1601
Sale          1,000                5.1601
Sale          300                  5.1301
Sale          262                  5.1251
Sale          1,000                5.1601
Sale          1,000                5.1601
Sale          1,000                5.1601
Sale          10,138               5.4300
Sale          2,495                5.4289
 Sale          439                   5.0425


 (b)  Derivatives transactions
 (other than options)

 Product     Long/Short    Number of Securities Price Per
 name,       (Note 6)      (Note 7)             Unit (GBP)
 e.g. CFD





 (c)  Options transactions in
 respect of existing securities

 (i)  Writing, selling, purchasing
 or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (Note
                varying etc.      relates (Note 7)                                      5)


 (ii) Exercising

 Product name, e.g.   Number of          Exercise price per
 call option          securities         unit (Note 5)




 (d)  Other dealings (including new
 securities) (Note 4)


 Nature of transaction  Details          Price per unit
 (Note 8)                                (if applicable)
                                         (Note 5)



 4.   OTHER INFORMATION

 Agreements, arrangements or
 understandings relating to options
 or derivatives


 Full details of any agreement, arrangement or understanding between the
 person disclosing and any other person relating to the voting rights of
 any relevant securities under any option referred to on this form or
 relating to the voting rights or future acquisition or disposal of any
 relevant securities to which any derivative referred to on this form is
 referenced.  If none, this should be stated.





 Is a Supplemental Form 8 attached?
 (Note 9)                 NO


 Date of disclosure                         30 JANUARY 2006
 Contact name                               BARCLAYS CORPORATE SECRETARIAT
 Telephone number                           0207 116 2913
 If a connected EFM, name of
 offeree/offeror with which connected
 If a connected EFM, state nature of
 connection (Note 10)


 Notes

 The Notes on Form 8.3 can be
 viewed on the Takeover Panel's
 website at
 www.thetakeoverpanel.org.uk